Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Hospitality industry faces more than just traditional P/C losses
Feb 25 2007 // Whether you study the growth curve in the “baby boomer” generation or generation “X” or “Y,” it is clear that we have a collision course of increased scope of risk, changing...
Top 25 Property/Casualty Companies in Premium Growth
Feb 25 2007 // 12 months ending Sept. 30, 2006, versus Sept. 30, 2005 (000 Omitted) DPW Change DWP DWP DWP $ DWP % Rank Company Name 9/30/2006 9/30/05 Change Change 1 Lexington Insurance...
R.E. Chaix Adds Two Carriers for P/C Risks
Feb 22 2007 // Irvine, Calif.-based R.E. Chaix & Associates announced it has finished negotiations to add two new carriers for in-house binding for property and casualty risks. Both carriers are non-admitted and both have...
Chicago Mesirow Appoints Former NBA Star as Senior Vice President
Feb 16 2007 // Chicago-based Mesirow Financial recently announced that Brian Evans, an ex-Hoosier and three-year NBA veteran, has joined its Insurance Services division as a senior vice president. He is responsible for leading new...
Insurance Journal-Demotech Report Identifies 139 Super Regional P/C Insurers
Feb 14 2007 // Hoping to spark a discussion of so-called “super regional” insurance carriers, Insurance Journal magazine (Feb. 12 issue) this week is publishing its first list of Super Regional Property Casualty Insurers™,...
Swiss Re P/C Renewals up 14%; Conference Call Today
Feb 13 2007 // Swiss Re announced that it has “grown its non-life [P/C] reinsurance portfolio by CHF 1.3 billion [$1.04 billion] or 14 percent, which reflects successful renewals of business acquired through the acquisition of...
Super Regional P/C Insurers™
Feb 12 2007 // A number of property/casualty insurers call themselves Super Regionals as a way to differentiate themselves in the marketplace. They pride themselves on being not too big and not too small. Big enough for economies of...
Industry forecast predicts slower premium growth in 2007 and 2008
Feb 12 2007 // Despite slow-down, industry still anticipates underwriting profits Most insurance industry analysts predict slower P/C premium growth for 2007, according to an Insurance Information Institute’s annual survey of Wall...
Insurance Journal’s MyNewMarkets Web site offers 20,000 markets
Feb 12 2007 // Property/casualty agents looking for new markets and suppliers with markets to offer have a dynamic new online meeting place. Now agents and brokers, managing general agents (MGA) and insurance companies can communicate...
P/C industry may be long overdue for massive losses from an extreme “great” earthquake
Feb 12 2007 // >Study says industry could suffer from a $100 million loss The U.S. property/casualty insurance industry is long overdue for heavy losses from a massive earthquake, reports A.M. Best in its recent “2006 Annual...
Industry forecast predicts slower premium growth in 2007 and 2008
Feb 11 2007 // News Currents Most insurance industry analysts predict slower P/C premium growth for 2007, according to an Insurance Information Institute’s annual survey of Wall Street stock analysts and industry professionals...
2007 Super Regional Property/Casualty Insurers™ Alphabetical listing
Feb 11 2007 // Acuity a Mutual Insurance Co. AIG Centennial Insurance Co. AIG Premier Insurance Co. AIU Insurance Alaska National Insurance Alfa Insurance Corp. American Automobile Insurance Co. American Commerce Insurance Co. American...
Demotech Classification System
Feb 11 2007 // number of property/casualty insurers call themselves Super Regionals as a way to differentiate themselves in the marketplace. They pride themselves on being not too big and not too small. Big enough for economies of scale...
P/C industry may be long overdue for massive losses from an extreme “great” earthquake
Feb 11 2007 // The U.S. property/casualty insurance industry is long overdue for heavy losses from a massive earthquake, reports A.M. Best in its recent “2006 Annual Earthquake Study.” It is likely that if an earthquake of...
R&M Issues China P/C Report
Feb 7 2007 // Dublin-based Research and Markets has added “Non-life Insurance in China” to their offering. “The Non-life Insurance in China industry profile is an essential resource for top-level data and analysis...
Industry Forecast Predicts Slower Premium Growth, But Underwriting Profit in 2007 and 2008
Feb 5 2007 // Most insurance industry analysts predict slower P/C premium growth for 2007, according to an Insurance Information Institute’s annual survey of Wall Street stock analysts and industry professionals released each year...
Washington Commissioner Issues Multiple Fines, Enforcement Actions
Jan 31 2007 // Washington’s Office of the Insurance Commissioner has ordered UnitedHealthcare Insurance Co. of Minneapolis to pay a $59,000 fine following an agency investigation into the company’s use of unapproved contracts...
ACE: Q4 Net $665 Million; $2.3 Billion Full Year; Conference Today, Details
Jan 31 2007 // Bermuda-based ACE Limited reported strong fourth quarter and full year net earnings of $665 million – $1.99 per common share – and $2.305 billion respectively. Full year net operating income was $2.351 million;...
The Hanover Net Income Down in 4th Quarter But Up for Year
Jan 30 2007 // Net income for the fourth quarter of 2006 at The Hanover Insurance Group, Inc. fell to $45.5 million, or $0.88 per share, compared to $118.7 million, or $2.19 per share, in the fourth quarter of the prior year. Net income...
Providence Property & Casualty Appoints New Officers
Jan 29 2007 // Providence Property & Casualty Insurance Company, which provides workers’ compensation insurance to Professional Employer Organizations (PEOs), has appointed Stephen (Steve) A. Gober as vice president,...
